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Hindustan Petrolium Corp seeks first low sulphur fuel Oil Import

Hindustan Petroleum Corp Ltd is seeking for the first time to import atleast 20,000 tonnes of low-sulphur fuel oil in Chennai for the month of April, a tender document showed on Thursday. An import tender by HPCL is rare and it is sourcing for domestic customers, trade sources said.

"It's for power requirements mainly," said an India-based trade source.  It was unclear whether demand from HPCL will continue or this was a one-off import. Specifications for the 180-centistoke fuel oil cargo include a maximum sulphur content of 0.95 percent and a density of 0.99 kilograms per litre.

The cargoes shall be delivered to Chennai in cargo sizes of either 20,000-25,000 tonnes or 25,000-30,000 tonnes over April 22-30. The tender was to close on Thursday at 1400 India Standard Time (0830 GMT). Offers will be valid until 2100 IST (1530 GMT) on April 4.

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